Last $4.46 USD
Change Today -0.02 / -0.45%
Volume 1.6M
HOV On Other Exchanges
Symbol
Exchange
New York
OTC US
As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

hovnanian enterprises-a (HOV) Snapshot

Open
$4.47
Previous Close
$4.48
Day High
$4.51
Day Low
$4.44
52 Week High
01/3/14 - $6.80
52 Week Low
04/15/14 - $4.36
Market Cap
649.8M
Average Volume 10 Days
3.0M
EPS TTM
$0.13
Shares Outstanding
131.0M
EX-Date
--
P/E TM
34.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for HOVNANIAN ENTERPRISES-A (HOV)

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hovnanian enterprises-a (HOV) Details

Hovnanian Enterprises, Inc. designs, constructs, markets, and sells residential homes in the United States. It constructs single-family detached homes, attached townhomes and condominiums, urban infill, and active adult homes. The company markets its build homes for first-time buyers, first-time and second-time move-up buyers, luxury buyers, active adult buyers, and empty nesters in 192 communities in 34 markets. It also provides financial services comprising originating mortgages from homebuyers and selling such mortgages in the secondary market, as well as title insurance services. The company was founded in 1959 and is headquartered in Red Bank, New Jersey.

1,749 Employees
Last Reported Date: 12/20/13
Founded in 1959

hovnanian enterprises-a (HOV) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.1M
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $600.0K
Chief Operating Officer
Total Annual Compensation: $590.4K
Chief Accounting Officer, Vice President and ...
Total Annual Compensation: $317.5K
Vice President of Finance and Treasurer
Total Annual Compensation: $297.0K
Compensation as of Fiscal Year 2013.

hovnanian enterprises-a (HOV) Key Developments

Hovnanian Enterprises Inc. Presents at Global Hunter Securities Infrastructure & Construction Conference, Mar-19-2014

Hovnanian Enterprises Inc. Presents at Global Hunter Securities Infrastructure & Construction Conference, Mar-19-2014 . Venue: JW Marriott, Chicago, Illinois, United States.

Hovnanian Enterprises Inc. Reports Unaudited Consolidated Financial Results for the First Quarter Ended January 31, 2014; Announces Inventory Impairment Loss and Land Option Write-Offs

Hovnanian Enterprises Inc. reported unaudited consolidated financial results for the first quarter ended January 31, 2014. Total revenues were $364.0 million for the fiscal 2014 first quarter, an increase of 1.6% compared with $358.2 million during the first quarter of fiscal 2013. Pre-tax loss, excluding land-related charges, in the first quarter of 2014 was $23.2 million compared with $20.1 million in the fiscal 2013 first quarter. Net loss was $24.5 million, or $0.17 per common share, for the first quarter ended January 31, 2014, compared with a net loss of $11.3 million, or $0.08 per common share, in the last year's first quarter, which included a $9.7 million federal tax benefit. Adjusted EBITDA decreased to $11.5 million in the first quarter of fiscal 2014 compared to $16.5 million in the fiscal 2013 first quarter. During the first quarter of fiscal 2014, $181.7 million was spent on land and land development. Income from Unconsolidated Joint Ventures was $2,571,000 against $2,289,000 for the same period of last year. EBIT was $8,933,000 against $13,478,000 for the same period of last year. EBITDA was $10,841,000 against $15,844,000 for the same period of last year. For the quarter, the company announced inventory impairment loss and land option write-offs was $664,000 against $665,000 for the same period of last year.

Hovnanian Enterprises Inc. Provides Gross Margin Guidance for the Year of 2014

Hovnanian Enterprises Inc. provided gross margin guidance for the year of 2014. For the year, the company expects gross margin for full fiscal 2014 year to be similar to the 20.1% as it reported for all of fiscal 2013.

 

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HOV Competitors

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Company Last Change
Beazer Homes USA Inc $18.52 USD -0.47
KB Home $16.37 USD -0.28
M/I Homes Inc $22.01 USD -0.33
MDC Holdings Inc $27.41 USD -0.33
Meritage Homes Corp $42.41 USD +0.11
View Industry Companies
 

Industry Analysis

HOV

Industry Average

Valuation HOV Industry Range
Price/Earnings 40.4x
Price/Sales 0.4x
Price/Book NM Not Meaningful
Price/Cash Flow 32.3x
TEV/Sales NM Not Meaningful
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